Srg Global Limited · ASX:SRG
Srg Global — Shareholder Meeting (November 2024)
28 slides from Srg Global's shareholder meeting presentation, Nov 28, 2024
Slide 1: 2024 AGM Managing Director Presentation
For personal use only 2024 AGM MANAGING DIRECTOR PRESENTATION 1
Slide 2: Who We Are, What We Do, Our Vision
For personal use only WHO WE ARE WHAT WE DO OUR VISION We are a diversified We bring an The most sought-after infrastructure engineering mindset diversified infrastructure services company to deliver critical services business services for major industry 2
Slide 3: Global Services Construction
GLOBAL SERVICES| Seeee@ersonal use only sa Nal, Se & “CONSTRUCTION
Slide 4: Diversified Infrastructure Services Business
Perth North Queensland Gladstone North-West For personal use only Brisbane Diversified People Infrastructure Services Business 4,300 North Island 80% Annuity / Recurring Earnings Profile Industries 20+ Geographic split Newcastle Proforma Revenue 50% East Sydney $1.3b Roxby Downs Southern NSW Whyalla
Slide 5: Executive Summary
AGM 2024 PRESENTATION Executive Summary Record Financial Result Returns to Shareholders Excellent Cash Generation only FY24 EBITDA of EPS(A) of Net Cash of $17.8m useResults $ 98.5m 7.7cps For personal FY24 Up 23% on FY23 Up 15% on FY23 Up from Net Debt of $17.0m EBIT(A)1 of $65.6m up 31% on FY23 FY
Slide 6: FY24 Results Overview
WEST WIND FARM, MERIDIAN ENERGY, WELLINGTON, NEW ZEALAND For personal use only FY24 Results Overview 6
Slide 7: FY24 Financial Performance
FY24 RESULTS FY24 Financial Performance Key Highlights For personal use only FY23 FY24 Change Revenue $809.0m $1,069.3m ▲ 32% EBITDA $80.1m $98.5m ▲ 23% EBIT(A) $50.0m $65.6m ▲ 31% NPAT(A) $31.8m $40.3m ▲ 26% Record EBITDA % margin 9.9% 9.2% - 0.7% Financial EBIT(A) % margin 6.2% 6.1% - 0.1% Result
Slide 8: FY24 Financial Performance Key Highlights
FY24 RESULTS FY24 Financial Performance Key Highlights 5 00 EPS(A) Revenue 7.7 For personal use only 8.0 6.7 (AUD) 7.0 EBITDA 6.0 cents per share 23% 32% 5.0 5.0 100 YoY YOY 4.0 1,069m 3.3 3.0 90 $ 40% 2.0 YoY 80 1.0 70 0.0 FY21 FY22 FY23 FY24 21% $ Millions 60 YoY 50 61% EBITDA Dividend YoY 40 Cash
Slide 9: Long Term Track Record of Delivery
FY24 RESULTS Long Term Track Record of Delivery For personal use only FY21 FY22 FY23 FY24 Revenue $570.0m $644.2m $809.0m $1,069.3m EBITDA $47.1m $57.2m $80.1m $98.5m EBIT(A) $25.1m $34.2m $50.0m $65.6m NPAT(A) $14.9m $22.4m $31.8m $40.3m Continuing to EBITDA % margin 8.2% 8.9% 9.9% 9.2% execute SRG
Slide 10: Underpinned by a Strong Foundation
AGM 2024 PRESENTATION Underpinned by a Strong Foundation For personal use only CHARLEYONG BRIDGE, TRANSPORT FOR NSW 10
Slide 11: Environmental, Social & Governance in Action
AGM 2024 PRESENTATION Environmental, Social & Governance in Action For personal use only Environmental • Sustain Life Software Platform to track emissions • Sustainability initiatives such as green concrete, local tree planting and solar powered site facilities Social • Bugarrba Aboriginal Joint Ven
Slide 12: Transaction Overview ― Diona
WARRAGAMBA DAM, WATERNSW For personal use only Transaction Overview ― Diona DIONA ACQUISITION 12
Slide 13: Diona Overview
DIONA ACQUISITION Diona Overview For personal use only 40+ years >750 96% • Established in 1980, Diona is a leading end-to-end delivery partner for Full end-to-end Skilled workforce Blue chip utility design, engineering and project execution; through long term program and self-perform capability as
Slide 14: Strategic Rationale
DIONA ACQUISITION Strategic Rationale For personal use only Strengthens market position in water Complementary capabilities enhance High-quality management team security and energy transition breadth and strength of service offering with a proven track record • Leading professional program and asset
Slide 15: Highly Complementary Core Capabilities
DIONA ACQUISITION Highly Complementary Core Capabilities Diona’s core capabilities are highly complementary with SRG Global’s service offering in delivering critical infrastructure services to connect, empower For personal use only and sustain major industry across Australia and New Zealand. Early E
Slide 16: Client Focused Approach
DIONA ACQUISITION Client Focused Approach Diona’s model integrates a low-risk collaborative approach with long-term agreements, ensuring For personal use only sustainable and consistent earnings, and embedded partnerships with leading utility and government agencies. Water North Program Water North
Slide 17: Key End Markets
DIONA ACQUISITION Key End Markets Diona delivers specialised services within two pivotal End Markets: Water Security & Rehabilitation, encompassing Water & Wastewater, and Energy Transition, including Gas, and Power & Energy. For personal use only END MARKETS WATER SECURITY & REHABILITATION ENERGY T
Slide 18: Market Overview
DIONA ACQUISITION Market Overview Diona is strategically positioned to benefit from long-term industry tailwinds across water security & rehabilitation as well as other sectors facing the broader energy transition. For personal use only WATER INFRASTRUCTURE GAS PIPELINE INFRASTRUCTURE ELECTRICITY IN
Slide 19: Water Infrastructure Spend Highlights
DIONA ACQUISITION Water Infrastructure Spend Highlights Investment in the water infrastructure sector is expected to increase over the medium term due to population growth, climate For personal use only change and water security, and increasing maintenance requirements for water infrastructure Macro
Slide 20: Energy and Gas Infrastructure Spend Highlights
DIONA ACQUISITION Energy and Gas Infrastructure Spend Highlights Spend in the energy and gas infrastructure sector is expected to remain strong, driven by Australia's push towards renewable For personal use only energy, energy security, and the modernisation of existing networks to meet the demands
Slide 21: Long-Term Investment in Energy
DIONA ACQUISITION Long-Term Investment in Energy Diona is uniquely positioned to capitalise on underlying secular tailwinds, including the ongoing reliance on renewable power, battery energy storage and transmission infrastructure. For personal use only Forecast National Electricity Market (NEM) Cap
Slide 22: Way Forward
WEST WIND FARM, MERIDIAN ENERGY, WELLINGTON, NEW ZEALAND For personal use only Way Forward AGM 2024 PRESENTATION 22
Slide 23: Building the Most Sought-after Diversified Infrastructure Services Business
AGM 2024 PRESENTATION Building the Most Sought-after Diversified Infrastructure Services Business For personal use only Zero Harm / ESG industry leader and recognised employer / partner of choice Continuing to enhance our Innovation and Technology to drive sustainable growth and competitive adva
Slide 24: Strategic Transformation Delivering Sustainable Growth
AGM 2024 PRESENTATION Strategic Transformation Delivering Sustainable Growth FY25 EBITDA For personal use only Strong Platform Exposure to for Sustainable Diverse Sectors guidance Earnings Growth and Geographies 130 120 Work in Hand (WIH): Opportunity Pipeline: 110 3.0b 8.5b 98.5 100 $ $ 90 80 $ Mil
Slide 25: Positive Outlook
AGM 2024 PRESENTATION Positive Outlook For personal use only Operating segment performance… …driving positive momentum FY25 guidance reaffirmed at ~$125m EBITDA Diona now fully integrated into SRG Global with positive cultural alignment and excellent early wins $3.0b Work In Hand and $8.5b Oppor
Slide 26: Investment Proposition
AGM 2024 PRESENTATION Investment Proposition For personal use only End-to-end Diverse Highly asset lifecycle market sectors scalable capability / geographies business model $ Annuity Capital High yield earnings light dividend profile investment profile stock
Slide 27: Disclaimer
AGM 2024 PRESENTATION Disclaimer For personal use only Important Notices and Disclaimer Certain figures, amounts, percentages, estimates, calculations of value and fractions provided in this Presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may
Slide 28: srgglobal.com.au
For personal use only srgglobal.com.au